Opportunities for the global FRP pole market to reach $322.1 million by 2022

According to a new market report published by Lucintel, the future of the global FRP pole market looks promising with opportunities in power transmission and distribution, telecommunication, lighting and others end use industries. The global FRP pole market is expected to reach an estimated $322.1 million by 2022 and is forecast to grow at a CAGR of 8.4% from 2017 to 2022. The major drivers for the growth of global FRP pole market are the ongoing replacement of obsolete wooden poles and performance benefits of FRP poles over wood, steel, and other poles; these benefits include rot and corrosion resistance, minimal maintenance, and easy installation.

In this market, power transmission and distribution, telecommunication, lighting and others are the major end use industries. On the basis of comprehensive research, Lucintel forecasts that the power transmission and distributionend use industry will show above average growth during the forecast period.

Within the FRP pole market, filament winding, pultrusion, and centrifugal casting are the major processes utilized to manufacture FRP Poles. In this market, glass fiber with polyester resin is predominantly used to manufacture FRP poles.

North America is expected to remain the largest region for the global FRP pole marketbecause of the ongoing replacement of obsolete wooden poles in the US, and this is expected to drive further demand of the North American FRP pole market.

Emerging trends, which have a direct impact on the dynamics of the industry, include focus on modular pole systems and increasing demand for UV resistant properties in FRP poles. Valmont Industries, Petrofisa do Brasil, Geotek Inc., Strongwell, CMT LLC, R.S. Technologies, Creative Pultrusions Inc., and Europoles GmbH are among the major suppliers of FRP poles.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for global FRP pole market by end use industry, process type, and material type. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities for Global FRP Pole Market 2017-2022: Trends, Forecast and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategies by providing comprehensive data and an analysis on trends, key drivers, and directions. The study includes the forecast for growth opportunities for global FRP pole market by end use industry, process type, and material type, as follows:

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This report answers the following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the global FRP pole market by end use industry (power transmission and distribution, telecommunication, lighting and others), process type (pultrusion, filament winding and centrifugal casting), and composite material type (fiber, resin)?

Q.2. Which end use industry segments will grow at a faster pace at what rate and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market and which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are being taken by key companies for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?

Q.11. What M&A activities have occurred in the last 5 years in this market?

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